Nifty trend is clear down for today. Two Star formation in three day trading is only showing restlessness. No one has clear idea where we are heading towards. Nifty jumped from low of 4720 to 5113 in just four days, now this is time to fill the gap.
My Nifty Target for September 6, 2011 is
If opened at between 5010 to 4980 going short would be a wise decision
4960 is posing good support and below 4910 there is clear down trend at least for this week
Looking at world clue Nifty may opened at gap down and then try to fill the gap created in upmove
Stoploss for any long should be 4940
Stoploss for any short should be 5020